Primecap Management Company Boosted Whirlpool Cp (WHR) Holding by $140.86 Million; Rnc Capital Management Has Cut Holding in At&T (T) by $1.89 Million as Market Value Declined

April 18, 2018 - By Linda Rogers

Whirlpool Corporation (NYSE:WHR) Logo

Primecap Management Company increased its stake in Whirlpool Cp (WHR) by 65.49% based on its latest 2017Q4 regulatory filing with the SEC. Primecap Management Company bought 838,440 shares as the company’s stock declined 11.00% with the market. The institutional investor held 2.12 million shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $357.30M, up from 1.28M at the end of the previous reported quarter. Primecap Management Company who had been investing in Whirlpool Cp for a number of months, seems to be bullish on the $10.85 billion market cap company. The stock decreased 0.03% or $0.04 during the last trading session, reaching $153.53. About 835,001 shares traded. Whirlpool Corporation (NYSE:WHR) has declined 10.04% since April 18, 2017 and is downtrending. It has underperformed by 21.59% the S&P500.

Rnc Capital Management Llc decreased its stake in At&T Inc (T) by 4.43% based on its latest 2017Q4 regulatory filing with the SEC. Rnc Capital Management Llc sold 49,660 shares as the company’s stock declined 10.37% with the market. The institutional investor held 1.07M shares of the telecommunications equipment company at the end of 2017Q4, valued at $41.66M, down from 1.12 million at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $229.61B market cap company. The stock decreased 0.81% or $0.29 during the last trading session, reaching $35.35. About 20.59M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 18, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.09, from 1.02 in 2017Q3. It is negative, as 58 investors sold WHR shares while 199 reduced holdings. 78 funds opened positions while 160 raised stakes. 60.28 million shares or 7.26% less from 65.00 million shares in 2017Q3 were reported. Weik Capital Mgmt holds 9,855 shares. Primecap Management Communications Ca reported 2.12M shares. New York State Teachers Retirement Sys invested in 0.05% or 130,828 shares. High Pointe Capital Mgmt Limited Liability Co owns 7,210 shares. Sei has 0.02% invested in Whirlpool Corporation (NYSE:WHR). Bedell Frazier Counseling Limited Liability Corporation owns 62,183 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.05% in Whirlpool Corporation (NYSE:WHR). Maryland-based Brown Advisory Inc has invested 0% in Whirlpool Corporation (NYSE:WHR). Shell Asset invested in 0.02% or 5,231 shares. Rampart Inv Mgmt Ltd Liability Corp invested in 990 shares or 0.06% of the stock. Bnp Paribas Asset Management Holding holds 0.03% in Whirlpool Corporation (NYSE:WHR) or 20,838 shares. Webster National Bank & Trust N A has 0.01% invested in Whirlpool Corporation (NYSE:WHR). 2,689 were reported by Savant Capital Limited Liability Co. Edinburgh Prns Ltd has 159,301 shares. Guardian Trust holds 0.58% in Whirlpool Corporation (NYSE:WHR) or 243,882 shares.

Primecap Management Company, which manages about $87.86 billion and $130.31B US Long portfolio, decreased its stake in Kla (NASDAQ:KLAC) by 240,080 shares to 12.53M shares, valued at $1.32B in 2017Q4, according to the filing. It also reduced its holding in Rambus Inc Del Com (NASDAQ:RMBS) by 106,863 shares in the quarter, leaving it with 5.68M shares, and cut its stake in Ross Stores Inc (NASDAQ:ROST).

Among 10 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Whirlpool had 32 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Thursday, February 4 by Goldman Sachs. On Friday, January 26 the stock rating was upgraded by Raymond James to “Buy”. JP Morgan upgraded Whirlpool Corporation (NYSE:WHR) rating on Tuesday, March 15. JP Morgan has “Overweight” rating and $205 target. The rating was maintained by M Partners with “Buy” on Monday, December 7. The stock has “Neutral” rating by Goldman Sachs on Friday, January 27. The firm has “Hold” rating by Credit Suisse given on Tuesday, October 24. The company was maintained on Monday, October 9 by RBC Capital Markets. KeyBanc Capital Markets maintained it with “Buy” rating and $210.0 target in Thursday, October 12 report. The firm earned “Hold” rating on Monday, September 12 by Gabelli. Bank of America maintained the stock with “Hold” rating in Monday, April 9 report.

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 25 after the close. They expect $0.87 earnings per share, up 17.57% or $0.13 from last year’s $0.74 per share. T’s profit will be $5.65 billion for 10.16 P/E if the $0.87 EPS becomes a reality. After $0.78 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Among 31 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. had 78 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Tuesday, July 18 by Cowen & Co. The firm has “Buy” rating by Macquarie Research given on Tuesday, September 1. Scotia Capital maintained the shares of T in report on Tuesday, January 30 with “Hold” rating. As per Friday, June 24, the company rating was downgraded by Buckingham Research. RBC Capital Markets maintained it with “Sector Perform” rating and $42 target in Thursday, January 26 report. The rating was maintained by Citigroup on Monday, March 14 with “Buy”. On Tuesday, July 25 the stock rating was maintained by Oppenheimer with “Hold”. As per Thursday, July 13, the company rating was downgraded by Bank of America. HSBC upgraded AT&T Inc. (NYSE:T) on Monday, September 26 to “Hold” rating. The company was maintained on Friday, April 13 by Barclays Capital.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It fall, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Interest Gp owns 15.52 million shares or 1.98% of their US portfolio. Colony Grp Inc Limited Company holds 30,840 shares or 0.08% of its portfolio. State Common Retirement Fund invested 0.78% of its portfolio in AT&T Inc. (NYSE:T). Hengehold Cap Mgmt Limited Liability invested in 0.58% or 56,912 shares. Fjarde Ap holds 1.04% of its portfolio in AT&T Inc. (NYSE:T) for 1.76 million shares. 20,319 are owned by Lathrop Inv Mgmt Corporation. Adirondack Tru has invested 1.43% in AT&T Inc. (NYSE:T). 21,300 were accumulated by Baker Avenue Asset L P. Highlander Capital Mgmt Llc holds 0.24% or 8,569 shares. Jones Collombin Inv Counsel accumulated 30,999 shares. Kempner Cap Incorporated stated it has 3.43% of its portfolio in AT&T Inc. (NYSE:T). Icon Advisers owns 22,800 shares or 0.06% of their US portfolio. Wedge Management L Limited Partnership Nc accumulated 6,313 shares. Financial Bank Of Nova Scotia reported 0.36% in AT&T Inc. (NYSE:T). Palladium reported 543,877 shares or 1.53% of all its holdings.

Whirlpool Corporation (NYSE:WHR) Institutional Positions Chart

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